Dollar drops after U.S. inflation data, jobless claims
“Markets are doubling down on ‘soft landing’ bets this morning after U.S. consumer inflation slowed as expected, reducing the need for further monetary tightening from the Federal Reserve,” wrote Karl Schamotta.
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The Sydney Morning Herald: ‘Risk-free’ asset takes a hit as US downgrade dents confidence
Currency strategist at foreign exchange provider Corpay Peter Dragicevich said the downgrade had probably compounded pressure on the Aussie dollar after Tuesday’s Reserve Bank decision to keep the cash rate on hold.
